2020 GLOBALGROWTH: Creditors' Proofs of Debt Due May 26ABYDOS FUND: Creditors' Proofs of Debt Due June 1ABYDOS MASTER: Creditors' Proofs of Debt Due June 1ACQUITY GROUP: Creditors' Proofs of Debt Due May 26ARHAMMAR SHORT: Creditors' Proofs of Debt Due June 2

EAGLE & DOMINION: Creditors' Proofs of Debt Due May 20EAGLE & DOMINION (GP): Creditors' Proofs of Debt Due May 20MONSOON INDIA: Creditors' Proofs of Debt Due June 1SI INTERNATIONAL: Creditors' Proofs of Debt Due June 1TIGER GLOBAL V: Creditors' Proofs of Debt Due May 22

According to the report, a joint motion from Aurelius CapitalManagement LP and Alden Global Capital LLC attacked the firm'salleged refusal to disclose the identities and debt holdings of acompeting noteholder group that has thus far supported efforts byOAS to obtain Chapter 15 relief.

Owed a combined $310 million in dollar-denominated notes, Aureliusand Alden say that Morgan Lewis cannot seek to influence theproceedings without naming names, information that U.S. BankruptcyJudge Stuart Bernstein needs in order to "weigh and assess" thefirm's arguments, the report related.

About OAS S.A.

The OAS Group is among the largest and most experiencedinfrastructure companies in Brazil, focusing on heavy engineeringand equity investments in infrastructure projects located in andoutside Brazil and abroad for both public and private clients. TheOAS Group provides services in 22 countries in Latin America, theCaribbean and Africa.

Based in Sao Paulo, Brazil, OAS S.A. is the holding company at theapex of the OAS Group. Its share capital is divided between CMPParticipacoes Ltda. (owned by Mr. Cesar de Araujo Mata Pires),which has a 90% stake, and LP Participacoes e Engenharia Ltda(owned by Mr. Jose Adelmario Pinheiro Filho, which has a 10%stake.

Amid an investigation into alleged corruption and moneylaundering, and missed interest payments, OAS S.A. and itsaffiliates Construtora OAS S.A., OAS Investments GmbH, and OASFinance Limited on March 31, 2015, commenced judicialreorganization proceedings before the First Specialized BankruptcyCourt of Sao Paulo pursuant to Federal Law No. 11.101 of February9, 2005 of the laws of the Federative Republic of Brazil.

On April 15, 2015, OAS S.A., et al., filed Chapter 15 bankruptcypetitions (Bankr. S.D.N.Y. Lead Case No. 15-10937) in Manhattan,in the United States to seek U.S. recognition of the Brazilianproceedings. Renato Fermiano Tavares, as foreign representative,signed the petitions. The cases are assigned to Judge Stuart M.Bernstein. White & Case, LLP, serves as counsel in the U.S. cases.

OAS S.A. listed at least US$1 billion in assets and liabilities.

* * *

As reported on Troubled Company Reporter on May 6, 2015, FitchRatings has affirmed and withdrawn the ratings of the OAS Groupunits, which includes OAS S.A., Construtora OAS S.A., OASInvestments GmbH, OAS Finance Ltd., and OAS Empreendimentos S.A.

PETROLEO BRASILEIRO: Demands BRL1.28BB From Contractors in Suit---------------------------------------------------------------EFE News reports that Petroleo Brasileiro S.A. said it has filedcivil lawsuits against contractors accused of taking part in ascheme to overcharge the company for contracts.

The Rio de Janeiro-based company said in a statement that it hasthus far filed suits against construction groups Engevix andMendes Junior and in the coming weeks plans to take legal actionagainst the firms Camargo Correa, OAS and Galvao Engenharia,according to EFE News.

The report notes that Petrobras is demanding an estimated BRL1.28billion (US$429.5 million) in compensation from these companies,including the repayment of money allegedly stolen, fines and"moral" damages.

The oil giant has estimated that it overpaid an estimated BRL6.2billion (some $2.1 billion) for contracts in recent years becauseof the graft scheme, the report relays.

Five former Petrobras executives and a score of executives atleading Brazilian construction firms have been arrested thus farin the investigation, which began just over a year ago, the reportdiscloses.

The construction companies involved in the scheme, whichinvestigators say dates back more than 10 years, would inflatetheir invoices, splitting the extra money with corrupt Petrobrasofficials while setting aside some of the loot to pay offpoliticians who provided cover for the graft, the report adds.

About Petroleo Brasileiro

Based in Rio de Janeiro, Brazil, Petroleo Brasileiro S.A. --Petrobras (Brazilian Petroleum Corporation) -- explores for oiland gas and it produces, refines, purchases, and transports oiland gas products. The Company has proved reserves of about 14.1billion barrels of oil equivalent and operates 16 refineries, anextensive pipeline network, and more than 8,000 gas stations.

* * *

As reported in the Troubled Company Reporter-Latin America onMarch 12, 2015, Moody's Investors Service said the corruptioninvestigation into Petroleo Brasileiro S.A. (Petrobras) willnegatively affect parts of the public and private sectors, butgovernment support for the company is likely to help contain thecredit-negative impact.

On March 6, 2015, the TCLRA reported that the deepeninginvestigation into the alleged kickback scheme at Petrobras hastriggered concerns for the Brazilian banks with exposures not onlyto the state-controlled oil company, but also to its large base ofsuppliers, as well as the broader oil and gas (O&G) andconstruction industries, says Moody's Investors Service.

Moody's Investors Service downgraded all ratings for Petrobras,including a downgrade of the company's senior unsecured debt toBa2 from Baa3, and assigned a Ba2 Corporate Family Rating to thecompany, the TCRLA reported on Feb. 27, 2015. Its failure toestimate its losses from the alleged corruption scheme and produceaudited third-quarter results prompted Moody's to cut its ratingto junk, the report said.

Rival agency Standard & Poor's delivered a further blow on March23 when it revised its outlook on the company from stable tonegative, the TCRLA reported on March 26, 2015.

On Feb. 10, 2015, TCRLA said Fitch Ratings has downgraded theforeign and local currency Issuer Default Ratings (IDRs) andoutstanding debt ratings of Petrobras to 'BBB-' from 'BBB'.Concurrently, Fitch has placed all of Petrobras' international andnational scale ratings on Rating Watch Negative.

RB CAPITAL: Moody's Affirms 'Ba3' Global Scale Ratings------------------------------------------------------Moody's America Latina, Ltda. downgraded the national scale ratingof the 59th series of certificates of RB Capital SecuritizadoraS.A. to A3.br from A2.br and affirmed the Ba3 global scaleratings. This rating action follows the revision of the ratingoutlook to negative from stable and the affirmation of the seniorunsecured rating at Ba3 of BR Properties S.A.'s ("BR Properties"),the guarantor of the underlying tenancy agreements.

The 59th Series of Certificates (CRIs) issued by RB Capital arebacked by current and future tenancy agreements and arecollateralized by the real estate assets by means of a fiduciaryassignment ("alienacao fiduciaria de imoveis") and by a guaranteeissued by the sponsor of the transaction, BR Properties. The realestate assets collateralizing the CRIs are two commercialproperties (office buildings).

This rating action follows Moody's revision of BR Propertiesratings outlook to negative from stable on May 4, 2015.

Issuer: RB Capital Securitizadora S.A.

-- 59th Series / 1st Issuance of Certificates: affirmed at Ba3 (global scale, local currency), and downgraded to A3.br from A2.br (national scale);

The Ba3/A3.br ratings are mainly based on BR Properties' abilityto make payments under the guarantee, which covers for the timelypayment and the fulfillment of all other obligations of the creditrights stipulated in the conditional tenancy agreements and theassignment agreements upon legal final or upon early redemption ofthe certificates. This is commensurate with BR Properties' seniorunsecured debt rating. Any future changes to the senior unsecureddebt rating of BR Properties will lead to a change in the ratingsassigned to the certificates.

BR Properties , headquartered in Sao Paulo, Brazil, is an owner,manager, and developer of office, industrial and retail propertiesin the main economic regions of Brazil. As of December 31, 2014,the company had 57 properties totaling 1.18 million m2 of GLA, ofwhich five are land parcels and three are development projectsunder various stages of completion.

BR Properties has ample liquidity, and a manageable debt maturityschedule. The company has consistently maintained high EBITDAmargins and very low delinquency rates due to the strong creditquality of its tenants. Offsetting these strengths are the higherrisks associated with the continued sluggishness and near-termweak growth prospects of the Brazilian economy, weighed down bythe increased economic uncertainty, slowdown in consumption andpersistent high inflation. Because of increases in interest rates,BR Properties has higher exposure from its floating rate debt,which places downward pressure on the fixed charge coverage. Thisis partially mitigated by the company's reduction of its interestexpense through debt amortization and loan renegotiations at lowercapital costs.

Factors that would lead to an upgrade or downgrade of the rating:

Any future changes to the senior unsecured debt rating of BRProperties will lead to a change in the ratings assigned to thecertificates.

The principal methodology used in this rating was " RatingTransactions Based on the Credit Substitution Approach: Letter ofCredit-backed, Insured and Guaranteed Debts" published in March2015.

VIVER INCORPORADORA: Moody's Cuts CFR to Caa3, Outlook Negative---------------------------------------------------------------Moody's America Latina downgraded the corporate family ratingassigned to Viver Incorporadora e Construtora S.A. and to itsfirst issuance of senior secured debentures to Caa3 from Caa1 onthe global scale and to Caa3.br from Caa1.br on the Braziliannational scale. The outlook for all ratings remains negative.

Viver Incorporadora e Construtora S.A. (Viver)

-- Corporate Family Rating: to Caa3 from Caa1 (global scale); to Caa3.br from Caa1.br (national scale);

The downgrade of Viver's ratings to Caa3 was prompted by thecompany's failure to make a BRL115 million interest and principalpayment due on April 30, 2015 on its BRL300 million senior secureddebentures issued to the Brazilian Severance Indemnity Fund (FGTS)in 2011 with final maturity date in October 2016. Unless amendedwithin the 5-business days grace period, this will constitute anevent of default under the bond indenture and might trigger anacceleration of the company's other debt, thereby exerting furtherpressure for additional debt restructurings that would entailsignificant losses for the creditors.

Last November, the FGTS has already agreed to an out-of-court debtrestructuring that considered a partial deferral of a BRL60.5million payment due in January 01, 2015, allowing a difference ofBRL27.5 million to be paid together with the April installment.This was the second distressed exchange for those participatingdebenture holders since December 2013, which reflected thecompany's tight liquidity and a payment deferral for defaultavoidance.

Over the last three years, Viver has been challenged by high debtlevels and working capital needs to complete projects, driven byhigher costs and challenges in the execution of a businessgeographic diversification strategy into the low income housingsegment. In the last twelve months, further negative pressurederived from a general deterioration in the homebuilding industrydynamic, as a result of a sharp contraction in consumerconfidence, based on Brazil's macroeconomic and politicaluncertainties, including faltering employment and higher inflationrates. Increasing mortgage rates and reduced funding availabilityfor home acquisition also contributed to a general increase insales cancellations and delays in the process of credit takeoutafter project completion. As a result, Viver currently presentsone of the weakest sales speed ratios among rated homebuilders inBrazil and the largest percentage of finished units in inventory.

During 2014, Viver was able to implement a significant costreduction strategy based on a decrease in new launches and assetsales of about BRL460 million, which contributed to a reduction innet losses and positive free cash flow generation of BRL36 millionfor that year. Debt renegotiations and supplemental loans,including the issuance of convertible debentures to itsshareholders and intercompany loans from Paladin Prime ResidentialInvestors, LLC (Paladin) for a total amount of BRL203 million,provided the required funding for project completion andcontributed to a material decrease of the company's executionrisks. As such, Viver delivered 10 projects in 2014 and 12 of its17 remaining projects under construction are close to completionfor delivery during the first half of 2015.

In order to meet its third party debt obligations in 2015 in theamount of BRL652 million, Viver primarily relies on a robustmortgage availability, particularly for low income buyers, so itcan effectively transfer BRL312 million in receivables fromfinished units to lending banks and another BRL300 million ofupcoming receivables from projects in the final stage ofconstruction during 2015. As an alternative liquidity source, thecompany has unsold completed units in inventory with an estimatedmarket value of BRL270 million and a landbank booked at the costof BRL217 million. However, virtually all the company's assets areencumbered, so any asset sale depends on negotiations with debtholders which takes time and is difficult to execute.

The Caa3 rating assigned to Viver's senior secured debentures (1stissuance) is at the same level of the company's corporate familyrating given the sizable amount of secured debt in Viver'sconsolidated capital structure. This instrument is secured byfuture receivables related to projects under construction and realestate asset pledges, which were initially set to provide for a130% coverage of the outstanding debt balance. In the 2013 debtamendment the company was required to pledge additional guaranteescomprising real estate assets amounting to approximately BRL31million to reach the minimum coverage level. At the same time, itsability to withdrawn any excess resources from the cash reserveaccount was eliminated. As a result, the current debt structurenow resembles a typical SFH project finance loan, where the cashrequirements for debt service will come directly from the futureflow of receivables pledged as collateral. Nevertheless, theunfavorable market conditions created uncertainties over thequality of the collateral package as per potential increase insales cancellations and further payment delays; as such, the Caa3rating reflects a lower prospect of recovery of principal andinterest for the secured creditors, in the range of 60% to 80%.The negative outlook reflects the challenges ahead of themanagement to streamline the company's operations and address itsliquidity situation on a timely fashion to meet the upcoming debtpayments and promote an effective leverage reduction.

Further downward pressure on the ratings would arise from adeterioration in the company's liquidity position leading toanother default in interest payment or debt amortization and alarger than expected creditor loss in a restructuring.

A ratings upgrade is unlikely near term but positive pressurecould arise if the company improves its liquidity position,particularly with lower exposure to short term debt, along withenhanced visibility for the homebuilding industry fundamentals.

The principal methodology used in this rating was Homebuilding andProperty Development Industry published in April 2015.

Moody's National Scale Credit Ratings (NSRs) are intended asrelative measures of creditworthiness among debt issues andissuers within a country, enabling market participants to betterdifferentiate relative risks. NSRs differ from Moody's globalscale credit ratings in that they are not globally comparable withthe full universe of Moody's rated entities, but only with NSRsfor other rated debt issues and issuers within the same country.NSRs are designated by a ".nn" country modifier signifying therelevant country, as in ".za" for South Africa. For furtherinformation on Moody's approach to national scale credit ratings,please refer to Moody's Credit rating Methodology published inJune 2014 entitled "Mapping Moody's National Scale Ratings toGlobal Scale Ratings".

Headquartered in Sao Paulo, Brazil, Viver is an integratedhomebuilder focused on high-rise construction for the middle andmid-high income families primarily in the Sao Paulo state. Thecompany is also involved in real estate developments forcommercial, tourism and the low income residential segments. In2014, Viver reported net revenues of BRL158 million (USD67million) and net losses of BRL233 million (USD99 million).

==========================C A Y M A N I S L A N D S==========================

2020 GLOBALGROWTH: Creditors' Proofs of Debt Due May 26-------------------------------------------------------The creditors of 2020 Globalgrowth Equities Limited are requiredto file their proofs of debt by May 26, 2015, to be included inthe company's dividend distribution.

ABYDOS FUND: Creditors' Proofs of Debt Due June 1-------------------------------------------------The creditors of Abydos Fund are required to file their proofs ofdebt by June 1, 2015, to be included in the company's dividenddistribution.

ABYDOS MASTER: Creditors' Proofs of Debt Due June 1---------------------------------------------------The creditors of Abydos Master Fund are required to file theirproofs of debt by June 1, 2015, to be included in the company'sdividend distribution.

ACQUITY GROUP: Creditors' Proofs of Debt Due May 26---------------------------------------------------The creditors of Acquity Group Limited are required to file theirproofs of debt by May 26, 2015, to be included in the company'sdividend distribution.

ARHAMMAR SHORT: Creditors' Proofs of Debt Due June 2----------------------------------------------------The creditors of Arhammar Short Alpha Master Fund Limited arerequired to file their proofs of debt by June 2, 2015, to beincluded in the company's dividend distribution.

EAGLE & DOMINION: Creditors' Proofs of Debt Due May 20------------------------------------------------------The creditors of Eagle & Dominion Growth Master Fund Ltd arerequired to file their proofs of debt by May 20, 2015, to beincluded in the company's dividend distribution.

EAGLE & DOMINION (GP): Creditors' Proofs of Debt Due May 20-----------------------------------------------------------The creditors of Eagle & Dominion (GP) Ltd are required to filetheir proofs of debt by May 20, 2015, to be included in thecompany's dividend distribution.

MONSOON INDIA: Creditors' Proofs of Debt Due June 1---------------------------------------------------The creditors of Monsoon India Select Equity Cayman Fund Ltd. arerequired to file their proofs of debt by June 1, 2015, to beincluded in the company's dividend distribution.

SI INTERNATIONAL: Creditors' Proofs of Debt Due June 1------------------------------------------------------The creditors of SI International (Topco) Inc. are required tofile their proofs of debt by June 1, 2015, to be included in thecompany's dividend distribution.

The rating actions reflect S&P's expectation that the company'scredit metrics will gradually improve. This stems from CAP'shigh-quality iron ore products that were less sensitive to pricedrops, which in turn resulted from a severe supply glut in thelower-quality iron ore. In addition, lower coal prices and cost-cutting initiatives are likely to generate positive EBITDA at thecompany's 700,000-ton steel unit. Other significant sources ofcash flows are CAP's fairly new water desalination plant and itspower transmission lines, both of which should contribute about$50 million to consolidated EBITDA in 2015. Those factors,coupled with capital expenditures (capex) at maintenance levels,would result in relatively stable credit metrics in the next twoyears.

The company's focus on its more profitable operations has reducedthe production at its 1.5 million-ton El Romeral pit and slowedthe Cerro Negro Norte mine's expansion. The company also has theflexibility to temporarily suspend operations at El Romeral ifweak market conditions persist. These actions would reducevolumes by 12% from S&P's previous forecast over the next fewyears. However, in S&P's view, they will bolster the company'sbalance sheet by reducing the mining operating costs and increaseoperating cash flow. These positive factors continue to offsetmost of the risks associated with CAP's smaller scale and narrowerasset and product portfolio than those of its peers with higherratings.

CAP's financial metrics weakened during 2014 mainly due to thesharp drop in iron ore prices, to which the company struggled toadjust. Furthermore, CAP's recently completed expansion planweakened the free operating cash flow to debt ratio, which hasn'tbeen fully captured in the company's results. In S&P's base-casescenario, it expects CAP's cost-cutting initiatives and lowercoal, fuel, and energy prices to improve its profitability,despite the weak global iron ore and steel prices. These factorswould bolster the company's credit metrics and keep them in linewith the "intermediate" financial risk profile assessment.

DOMINICAN REPUBLIC: Chief Tells Employers 'Time to Hike Wages'--------------------------------------------------------------Dominican Today reports that bowing to pressure from sectors whichcomplain that her lack of leadership has led to a stalemate in thetalks between the unions and employers over a wage increase, Laborminister Maritza Hernandez denied the standoff and said managementshould come to the next meeting with a concrete proposal.

Ms. Hernandez said those types of situations always arise indialogues, according to Dominican Today.

Interviewed on NCDN channel 37, the official said she didn't wantto downplay the need for "a real productive dialogue" and notedthe importance for the parties to come prepared to approve a wageincrease for non-sectored workers, the report notes.

Ms. Hernandez reiterated her call to management to go to the nextmeeting with a clear proposal to raise wages, the report adds.

"The situation is dramatic in almost the entire country, due toreduced water flow in high livestock production areas, which isclosely linked to the lack of rain in parts of the Central Cibao,North Shore, South and deep South, and in the east of thecountry," said the also president of the national agro producers(Confenagro), according to Dominican Today.

The report notes that Mr. Rivero said the livestock situation iscritical in provinces with large areas of pasturelands.

More than 300 farmers in Puerto Plata area have reported majorlosses for pig farms and agriculture caused by the lack of rain inrecent months, the report notes.

They said the prolonged drought has completely dried the lagoonsdug for their animals, while the alternate wells have alreadybegun to show signs of depletion, the report relays.

Reports from other regions also paint a bleak picture forthousands of farmers and ranchers as the drought shrivels cropsand parches grazing lands, Dominican Today adds.

DOMINICAN REP: To Get $25MM-IDB Loan for Public Funds Mgmt. System------------------------------------------------------------------The Dominican Republic will foster improvements in its managementof public funds by strengthening the process of implementing itspublic policies with a loan of $25 million approved by the Inter-American Development Bank (IDB).

The country plans to improve its fiscal framework in the middleterm as a way to optimize the process of planning, monitoring andevaluating the budget, as well as to modernize the procedures andsupport systems for the management of public funds. The goal ofthis project is to generate timely information, with broaderinstitutional and transactional coverage, that helps to improvethe government's decision-making process.

This project expects to strengthen the government's institutionalcapacity to exercise adequate and efficient control and managementof public finances.

In recent years, the Dominican Republic has achieved significanteconomic growth and is now one of the largest economies in CentralAmerica and the Caribbean. To sustain that growth, the governmentis seeking a fiscal scheme that will help to increase publicinvestments, especially in social sectors.

To achieve this goal, the project expects to generate savings inthe payment of the public debt by improving the benefits obtainedfrom the investments of funds now available in the Single TreasuryAccount. Accounts in commercial banks that now hold the funds ofstate entities will be eliminated, and those funds will be used topay the public debt.

The project also is expected to increase the participation ofmicro, small and medium enterprises led by women in publicpurchases, which are expected to hit 2.480 by the year 2018.

The IDB loan for $25 million is for a period of 19.8 years, with agrace period of 5.2 years and an interest rate based on LIBOR. Ithas a counterpart contribution of $5 million.

Mr. Byles, who was speaking at a media briefing held by theprivate sector members of EPOC, said the Bank of Jamaica's recentcut to its benchmark rates must result in lower rates forborrowers, according to RJR News.

"What the Bank of Jamaica is signaling to the banks is that, inthe face of much lower inflation, interest rates need to comedown," Mr. Byles declared, the report notes.

In that regard, he said it was important for rates to be loweredfor both deposits and loans, the report discloses.

Bank representatives have said that the cut in Bank of Jamaicabenchmark rates does not mean lower loan rates; however, the bankshave started to reduce interest paid on deposits.

The Bank of Jamaica last month cut its benchmark rates by aquarter of a percentage point, citing lower than expectedinflation for the move, the report notes.

Mr. Byles is projecting that inflation will continue to be lowthis fiscal year, citing Bank of Jamaica expectations of "a fairlymoderate rate of inflation for calendar 2015," the report relays

Inflation in Jamaica last fiscal year was four per cent, thereport discloses. That was the lowest it had been in more than 40years, the report adds.

* * *

As reported in the Troubled Company Reporter-Latin America onFeb. 23, 2015, Fitch Ratings has affirmed Jamaica's long-termforeign and local currency Issuer Default Ratings (IDRs) at 'B-'.The issue ratings on Jamaica's senior unsecured foreign and localcurrency bonds are also affirmed at 'B-'. The Rating Outlooks onthe long-term IDRs are revised to Positive from Stable. TheCountry Ceiling is affirmed at 'B' and the short-term foreigncurrency IDR at 'B'.

=======P E R U=======

LOS PORTALES: S&P Affirms Then Withdraws 'B' Corp. Credit Rating----------------------------------------------------------------Standard & Poor's Ratings Services affirmed its 'B' long-termcorporate credit rating on Los Portales S.A., a Peru-based landdeveloper. S&P subsequently withdrew the rating at the company'srequest. The negative outlook at the time of the withdrawalreflected uncertainty over the long-term refinancing completion,which would improve the company's capital structure and liquidity.

Mr. Indarsingh was answering a question filed by Chaguanas West MPJack Warner in the House of Representatives.

However Mr. Indarsingh, citing secrecy provisions of the CentralBank Act, refused to answer the question of which CLICO assets hadbeen sold, at what price and to whom they were sold, according toTrinidad Express.

"Mr. Speaker, according to the Central Bank of Trinidad andTobago, it is barred under strict confidentiality, which fallsunder Section 56 of the Central Bank Act Chapter 79:02 as ittouches and concerns the affairs of CLICO, an institutionregistered under the Insurance Act Ch. 84:01 (falling under thesecrecy provisions) from revealing such information," Mr.Indarsingh said, the report notes. Mr. Indarsingh added that theCentral Bank will "when appropriate, in the due performance of itsobjects under the CBA, disclose the information on the sale of theother assets."

The report relays that Mr. Indarsingh said the one sale that canbe disclosed was the sale of Methanol Holdings Trinidad Ltd (MHTL)to the minority shareholder Consolidated Energy Ltd (CEL), whichwas done on an Order of the International Court of Arbitration forUS $1.75 billion.

MP Warner asked Mr. Indarsingh to read the clause of the CentralBank Act dealing with secrecy.

The Minister said he did not have the clause but he could get itat a later date for MP Warner, the report discloses.

Meanwhile, Planning Minister Dr. Bhoe Tewarie said that theemoluments of the chief executive of the Chaguaramas DevelopmentAuthority included a salary of TT$60,000, a housing allowance ofTT$5,000, motor vehicle of between TT$450,000 and TT$550,000(fully maintained); entertainment allowance of TT$1,500; telephoneTT$500; annual bonus of three months salary; executive healthfacility to include executive check-up annually; gratuity of 20per cent of base salary, the report notes.

In response to a question from MP Warner, Mr. Tewarie said thebase salary of the previous CEO (in 2010) was TT$40,000, thereport relays.

The report notes that Mr. Tewarie also said the CEO had access toa villa at Macqueripe.

About CLICO International

Colonial Life Insurance Company Ltd. (CLICO) is a member of the CLFinancial Group. CL Financial Limited is a privately heldconglomerate in Trinidad and Tobago. Founded as an insurancecompany by Cyril Duprey, Colonial Life Insurance Company wasexpanded into a diversified company by his nephew, LawrenceDuprey. CL Financial is now one of the largest localconglomerates in the region, encompassing over 65 companies in 32countries worldwide with total assets standing at roughly US$100billion.

* * *

As reported in the Troubled Company Reporter-Latin America on July7, 2014, Trinidad Express said that the Central Bank has placedthe responsibility of voluntary separation package (VSEP)negotiations for workers at insurance giant Colonial LifeInsurance Company Ltd. (CLICO) with the company's board, afterwhich it will review accordingly, the bank said in a statement.The bank's statement follows protest action by CLICO workers,supported by their union, the Banking, Insurance and GeneralWorkers' Union (BIGWU), outside the Central Bank in Port of Spain,according to Trinidad Express.

In a separate TCRLA report on June 26, 2014, Caribbean360.com saidthat the Trinidad and Tobago government has welcomed an AppealCourt ruling that the Attorney General Anand Ramlogan said savesthe country from paying out more than TT$1 billion (TT$1 = US$0.16cents) to policyholders of the cash-strapped CLICO. The AppealCourt overturned the ruling of a High Court that ruled members ofthe United Policyholders Group (UPG) were entitled to be paid thefull sums of their polices. CLICO financially caved in on itselfat the end of 2008 after the investment instruments of majorpolicyholders matured and they wanted hundreds of millions ofdollars they were owed.

On Aug. 6, 2013, the TCR-LA, citing Caribbean360.com, said thatover TT$8 billion worth of CLICO's profitable business will betransferred to Atruis, a new company that will be owned by thestate. The Trinidad Express said that the Cabinet approved thetransfer as the Finance and General Purposes Committee continuesto discuss a letter of intent hammered out by the Ministry ofFinance and CL Financial's 400 shareholders, which envisionstaxpayers will recover the more than TT$20 billion Government hasinjected since 2009 to keep CL subsidiary CLICO and othercompanies afloat.

=================X X X X X X X X X=================

* BOND PRICING: For the Week From May 4 to May 8, 2015------------------------------------------------------

Monday's edition of the TCR-LA delivers a list of indicativeprices for bond issues that reportedly trade well below par.Prices are obtained by TCR-LA editors from a variety of outsidesources during the prior week we think are reliable. Thosesources may not, however, be complete or accurate. The MondayBond Pricing table is compiled on the Friday prior to publication.Prices reported are not intended to reflect actual trades. Pricesfor actual trades are probably different. Our objective is toshare information, not make markets in publicly traded securities.Nothing in the TCR-LA constitutes an offer or solicitation to buyor sell any security of any kind. It is likely that some entityaffiliated with a TCR-LA editor holds some position in theissuers' public debt and equity securities about which we report.

Tuesday's edition of the TCR-LA features a list of companies withinsolvent balance sheets obtained by our editors based on thelatest balance sheets publicly available a day prior topublication. At first glance, this list may look like thedefinitive compilation of stocks that are ideal to sell short.Don't be fooled. Assets, for example, reported at historical costnet of depreciation may understate the true value of a firm'sassets. A company may establish reserves on its balance sheet forliabilities that may never materialize. The prices at whichequity securities trade in public market are determined by morethan a balance sheet solvency test.

Submissions about insolvency-related conferences are encouraged.Send announcements to conferences@bankrupt.com

This material is copyrighted and any commercial use, resale orpublication in any form (including e-mail forwarding, electronicre-mailing and photocopying) is strictly prohibited without priorwritten permission of the publishers.

Information contained herein is obtained from sources believed tobe reliable, but is not guaranteed.

The TCR Latin America subscription rate is US$775 per half-year,delivered via e-mail. Additional e-mail subscriptions for membersof the same firm for the term of the initial subscription orbalance thereof are US$25 each. For subscription information,contact Peter A. Chapman at 215-945-7000 or Nina Novak at202-362-8552.